Um Teste da hipótese de inflação inercial no Brasil

Resumo

Inflation has been a major problem for the Brazilian economy. In the early eighties the inertial inflation approach became very influential in Brazil. According to this approach the inflation rate has a path determined by its own past. It is persistent, shocks aside, today’s inflation equals last period’s rate of inflation. The purpose of this paper is to reevaluate the inertial inflation hypothesis from an empirical perspective. After briefly mentioning the theoretical ideas behind the inertial approach, the inflationary persistence (inertia) is them empirically evaluated using time series techniques. The results show that there is inertia, however its importance is not large.

Ficha do documento

Tipo

Artigo científico

Ano

1991

Instituição

Instituto de Pesquisa Econômica Aplicada (Ipea)

Fonte

Repositório do Ipea

Idioma

Português

Acesso

Acesso aberto

Identificador

oai:repositorio.ipea.gov.br:11058/5438

Licença

Licença Comum

Abrangência

Brasil

Temas

Economia

Palavras-chave

InflaçãoHipótese da inflação inercialPersistência inflacionária